Developing Countries Have Sometimes Feared Open Immigration Policies of Developed

question 91

True/False

Developing countries have sometimes feared open immigration policies of developed countries on the grounds that highly educated and skilled people may emigrate to the developed countries,thus limiting the growth potential of the developing countries.

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Definitions:

Velocity of Circulation

A measure of the rate at which money is exchanged in an economy, typically calculated as the ratio of nominal GDP to the money supply.

Supply-side Economics

Supply-side Economics is a macroeconomic theory that argues economic growth can be most effectively fostered by lowering taxes and decreasing regulation to increase production.

Milton Friedman

An American economist and Nobel laureate renowned for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

Rational Expectationists

Economists who believe that individuals make decisions based on their rational outlook, available information, and past experiences.